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MCX Daily Report 15 TH APR 2019

Bullion counter extend last week losses as gold prices fell to a more than one-week low<br>on Monday, as stronger-than expected data from China and a robust start to the U.S. earnings<br>season soothed concerns about global economic slowdown, denting the appeal of bullion.

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MCX Daily Report 15 TH APR 2019

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  1. CapitalStars Financial Research Pvt., Ltd., 1 SEBI Registration Number: INA000001647 MCX Daily Report 15TH APR 2019 News Highlights BULLION - Bullion counter extend last week losses as gold prices fell to a more than one-week low on Monday, as stronger-than expected data from China and a robust start to the U.S. earnings season soothed concerns about global economic slowdown, denting the appeal of bullion. The yen hovered near its lowest level this year on Monday as more signs of stabilization in the Chinese economy and an upbeat start to the U.S. earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere. Hedge funds and money managers increased their bullish wagers in COMEX gold and silver in the week to April 9, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Physical gold demand in India was robust last week as retail buyers and jewelers took advantage of a dip in domestic prices to stock up for the wedding season, while gains in the domestic currency kept premiums elevated in China amid steady demand. ENERGY- Crude oil may trade in red as oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies provided a floor to losses. The head of Libya’s National Oil Corp warned on Friday that renewed fighting could wipe out crude production in the country. The Organization of the Petroleum Exporting Countries (OPEC) and its allies meet in June to decide whether to continue withholding supply. OPEC, Russia and other producers, an alliance known as OPEC+, are reducing output by 1.2 million bpd from Jan. 1 for six months. OPEC’s de facto leader, Saudi Arabia, is considered keen to keep cutting, but sources within the group said it could raise output from July if disruptions continue elsewhere. Russia’s Finance Minister Anton Siluanov was quoted by the TASS news agency as saying on Saturday that Russia and OPEC may decide to boost production to fight for market share with the United States but this would push oil prices as low as $40 per barrel. BASE METAL - Base metals prices may trade with sideways bias. Copper prices rose on Monday, after data from China showed higher unwrought copper imports in March, while declining inventory and concerns over supply deficit also lent support. Copper stocks in LME-approved warehouses were down 2,000 tonnes on April 11 compared with the previous day, while copper inventories in warehouses tracked by the Shanghai Futures Exchange fell 5 percent from a week ago to 245,178 tonnes on Friday. China imported 391,000 tonnes of unwrought copper last month, up 25.7 percent from the previous month and 26.5 percent higher than a year earlier, data released on Friday showed. China’s March copper ores and concentrates imports were also higher than the year-ago levels, at 1.77 million tonnes, but down from an unusually strong February.

  2. CapitalStars Financial Research Pvt., Ltd., 2 SEBI Registration Number: INA000001647 MCX Daily Report 15TH APR 2019 Precious Metals CS GOLD (JUN) OVERVIEW: TREND : BEARISH RESIST 2: 32000 RESIST 1: 31900 SUP 1: 31750 SUP 2: 314700 WWW.CAPITALSTARS.COM +919977499927 CS SILVER (MAY) OVERVIEW: TREND : BEARISH RESIST 2: 37700 RESIST 1: 37500 SUP 1: 37000 SUP 2: 36800 WWW.CAPITALSTARS.COM +919977499927 Base Metals CS COPPER (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 458.00 RESIST 1: 454.00 SUP 1: 445.00 SUP 2: 440.00 WWW.CAPITALSTARS.COM +919977499927 CS NICKEL (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 910.00 RESIST 1: 905.00 SUP 1: 893.00 SUP 2: 885.00 WWW.CAPITALSTARS.COM +919977499927 CS ZINC (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 234.00 RESIST 1: 232.00 SUP 1: 226.00 SUP 2: 222.00 WWW.CAPITALSTARS.COM +919977499927 CS LEAD (APR) OVERVIEW: TREND : BEARISH RESIST 2: 135.00 RESIST 1: 134.00 SUP 1: 132.00 SUP 2: 131.00 WWW.CAPITALSTARS.COM +919977499927 CS ALUMINIUM (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 148.00 RESIST 1: 147.00 SUP 1: 146.00 SUP 2: 145.00 WWW.CAPITALSTARS.COM +919977499927 Energy CS CRUDE OIL (APR) OVERVIEW: TREND : BULLISH RESIST 2: 4520 RESIST 1:4480 SUP 1: 4400 SUP 2: 4360 WWW.CAPITALSTARS.COM +919977499927 CS NATURAL GAS (APR) OVERVIEW: TREND : SIDEWAYS RESIST 2: 188.00 RESIST 1: 186.00 SUP 1: 184.00 SUP 2: 182.00 WWW.CAPITALSTARS.COM +919977499927

  3. CapitalStars Financial Research Pvt., Ltd., 3 SEBI Registration Number: INA000001647 MCX Daily Report 15TH APR 2019 Pick for the DAY MCX COPPER APR on FRIDAY as seen in the Daily chart opened at 443.45 levels and made day low of 443.45 Levels. During this period COPPER APR High is 442.00 levels and finally closed at 451.05 levels. Now, there are chances of up movement technically & fundamentally. DAILY RECOMMENDATION: BUY MCX COPPER APRABOVE 450.50 LEVELS FOR TARGET OF 453/455 WITH SL 446 OF LEVELS.

  4. CapitalStars Financial Research Pvt., Ltd., 4 SEBI Registration Number: INA000001647 MCX Daily Report 15TH APR 2019 Disclaimer The information and views in this report & all the service we provide are believed to be reliable, but we do not accept any responsibility for errors of fact or opinion. Investors have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. My research recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capital Stars shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of regulators. The price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for. Investment & Trading in Securities Markets are always subjected to market risk. Capitalstars Financial Research Private Ltd., Reserves all Rights. CONTACT US BRANCH OFFICE Capitalstars Financial Research Private Limited PLOT NO.32, MECHANIC NAGAR EXTENSION, IDA SCHEME NO.54, VIJAYNAGAR INDORE REGISTERED OFFICE PLOT NO.12, SCHEME NO.78 PART-II, VIJAY NAGAR, INDORE Email :- backoffice@capitalstars.com CONTACT US:- 9039012727/9977499927 Report Is Checked By Investment Advisor:

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